STRATEGY STUDIO / PUBLIC DATA EXPLORER

PROMISE ACADEMY: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
PROMISE ACADEMY (EIN 76-0789317)
Tax period
2012-07-01 to 2013-06-30
Filed
2014-03-25
IRS object ID
201410849349300806
Schema version
2012v2.3
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2014-03-25T15:52:52-05:00Timestamp
Tax Period End Date2013-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1MCMANUS DOSEN & COBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line17251 ENGLE RD STE 406AddressLine1
CityMIDDLEBURG HEIGHTSCity
StateOHState
ZIP Code441303400ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2012-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN760789317EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1PROMISE ACADEMYBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlPROMNameControl
Phone2164430500Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line11701 EAST 13TH STREETAddressLine1
CityCLEVELANDCity
StateOHState
ZIP Code44114ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameMELINDA BUDAVARIName
TitleTREASURERTitle
Phone2164430500Phone
Date Signed2014-03-05DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameCHRISTOPHER J GAMBACCINI CPAName
Phone4402433400Phone
Date Prepared2014-03-25DatePrepared
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2015-11-30 17:44:51ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonMELINDA BUDAVARINameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line11701 EAST 13TH STREETAddressLine1
CityCLEVELANDCity
StateOHState
ZIP Code44114ZIPCode
FieldValueIRS element (for citing)
Gross Receipts3843780GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteWWW.PROMISE-ACADEMY.COMWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation2007YearFormation
State Legal DomicileOHStateLegalDomicile
Activity Or Mission DescriptionTHE FACULTY AND STAFF AT PROMISE ACADEMY ARE DEDICATED TO THE CONCEPTS OF INNOVATION, EXCELLENCE, ACADEMIC ACHIEVEMENT, AND OPPORTUNITY FOR ALL STUDENTS REGARDLESS OF LIFE CIRCUMSTANCES.ActivityOrMissionDescription
Nbr Voting Members Governing Body7NbrVotingMembersGoverningBody
Nbr Independent Voting Members7NbrIndependentVotingMembers
Total Nbr Employees0TotalNbrEmployees
Total Nbr Volunteers7TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Contributions Grants Current Year0ContributionsGrantsCurrentYear
Program Service Revenue Prior Year3370460ProgramServiceRevenuePriorYear
Program Service Revenue CY3842373ProgramServiceRevenueCY
Investment Income Prior Year3175InvestmentIncomePriorYear
Investment Income Current Year1407InvestmentIncomeCurrentYear
Other Revenue Current Year0OtherRevenueCurrentYear
Total Revenue Prior Year3373635TotalRevenuePriorYear
Total Revenue Current Year3843780TotalRevenueCurrentYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Current Year0SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year3737999OtherExpensePriorYear
Other Expenses Current Year3638337OtherExpensesCurrentYear
Total Expenses Prior Year3737999TotalExpensesPriorYear
Total Expenses Current Year3638337TotalExpensesCurrentYear
Revenues Less Expenses Prior Year-364364RevenuesLessExpensesPriorYear
Revenues Less Expenses CY205443RevenuesLessExpensesCY
Total Assets BOY1321577TotalAssetsBOY
Total Assets EOY1520685TotalAssetsEOY
Total Liabilities BOY7392TotalLiabilitiesBOY
Total Liabilities EOY1057TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY1314185NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY1519628NetAssetsOrFundBalancesEOY
Mission DescriptionTHE FACULTY AND STAFF AT PROMISE ACADEMY ARE DEDICATED TO THE CONCEPTS OF INNOVATION, EXCELLENCE, ACADEMIC ACHIEVEMENT, AND OPPORTUNITY FOR ALL STUDENTS REGARDLESS OF LIFE CIRCUMSTANCES.MissionDescription
Significant New Program ServicesfalseSignificantNewProgramServices
Significant ChangefalseSignificantChange
Expense2899194Expense
Revenue3587076Revenue
DescriptionPROMISE ACADEMY IS A CLEVELAND METROPOLITAN SCHOOL DISTRICT SPONSORED CHARTER SCHOOL PROVIDING A HIGH QUALITY EDUCATION FOR NON-TRADITIONAL STUDENTS IN GRADES NINE THROUGH TWELVE. PROMISE ACADEMY IS DEDICATED TO THE CONCEPTS OF INNOVATION, EXCELLENCE, ACADEMIC ACHIEVEMENT, AND OPPORTUNITY FOR ALL STUDENTS REGARDLESS OF LIFE CIRCUMSTANCE. CENTRAL TO ITS MISSION IS THE CREATION OF A SCHOOL COMMUNITY CHARACTERIZED BY CARING, DISCIPLINE, ORDER, AND RESPECT. THE ACADEMY CURRENTLY ENROLLS APPROXIMATELY 490 STUDENTS.Description
Total Program Service Expense2899194TotalProgramServiceExpense
Described In501 C3trueDescribedIn501C3
Schedule B RequiredfalseScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Lobbying ActivitiesfalseLobbyingActivities
Subject To Proxy TaxfalseSubjectToProxyTax
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementsfalseConservationEasements
Collections Of ArtfalseCollectionsOfArt
Credit CounselingfalseCreditCounseling
Term Or Permanent EndowmentsfalseTermOrPermanentEndowments
Report Land Bldg EquiptrueReportLandBldgEquip
Report Invest Oth SecuritiesfalseReportInvestOthSecurities
Report Prog Rel InvestfalseReportProgRelInvest
Report Other AssetsfalseReportOtherAssets
Report Other LiabilitiesfalseReportOtherLiabilities
Report Fin48 FootnotefalseReportFin48Footnote
Independent Audit Financial StmtfalseIndependentAuditFinancialStmt
Consolidated Audit Financial StmtfalseConsolidatedAuditFinancialStmt
SchooltrueSchool
Foreign OfficefalseForeignOffice
Foreign ActivitiesfalseForeignActivities
More Than5000 K To OrganizationsfalseMoreThan5000KToOrganizations
More Than5000 K To IndividualsfalseMoreThan5000KToIndividuals
Professional FundraisingfalseProfessionalFundraising
Fundraising ActivitiesfalseFundraisingActivities
GamingfalseGaming
HospitalfalseHospital
Grants To OrganizationsfalseGrantsToOrganizations
Grants To IndividualsfalseGrantsToIndividuals
Schedule J RequiredfalseScheduleJRequired
Tax Exempt BondsfalseTaxExemptBonds
Excess Benefit TransactionfalseExcessBenefitTransaction
Prior Excess Benefit TransactionfalsePriorExcessBenefitTransaction
Loan To Officer Or DQPfalseLoanToOfficerOrDQP
Grant To Related PersonfalseGrantToRelatedPerson
Bsnss Rltnshp With OrganizationfalseBsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family MemberfalseBsnssRltnshpThruFamilyMember
Officer Entity With Bsnss RltnshpfalseOfficerEntityWithBsnssRltnshp
Deductible Non Cash ContributionsfalseDeductibleNonCashContributions
Deductible Contributions Of ArtfalseDeductibleContributionsOfArt
TerminatedfalseTerminated
Partial LiquidationfalsePartialLiquidation
Disregarded EntityfalseDisregardedEntity
Related EntityfalseRelatedEntity
Related Org Controlled EntityfalseRelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl OrgfalseTransfersToExemptNonChrtblOrg
Activities Conducted PartnershipfalseActivitiesConductedPartnership
Schedule O RequiredtrueScheduleORequired
Number Forms Transmitted With109619NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup WitholdingtrueComplianceWithBackupWitholding
Number Of Employees0NumberOfEmployees
Unrelated Business IncomefalseUnrelatedBusinessIncome
Foreign Financial AccountfalseForeignFinancialAccount
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans
Taxable Party NotificationfalseTaxablePartyNotification
Non Deductible ContributionsfalseNonDeductibleContributions
Indoor Tanning ServicesfalseIndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members7NbrVotingGoverningBodyMembers
Number Independent Voting Members7NumberIndependentVotingMembers
Family Or Business RelationshipfalseFamilyOrBusinessRelationship
Delegation Of Management DutiesfalseDelegationOfManagementDuties
Changes To Organizing DocsfalseChangesToOrganizingDocs
Material Diversion Or MisusefalseMaterialDiversionOrMisuse
Members Or StockholdersfalseMembersOrStockholders
Election Of Board MembersfalseElectionOfBoardMembers
Decisions Subject To ApprovalfalseDecisionsSubjectToApproval
Minutes Of Governing BodytrueMinutesOfGoverningBody
Minutes Of CommitteestrueMinutesOfCommittees
Officer Mailing AddressfalseOfficerMailingAddress
Local ChaptersfalseLocalChapters
Form990 Provided To Governing BodyfalseForm990ProvidedToGoverningBody
Conflict Of Interest PolicytrueConflictOfInterestPolicy
Annual Disclosure Covered PersonstrueAnnualDisclosureCoveredPersons
Regular Monitoring EnforcementtrueRegularMonitoringEnforcement
Whistleblower PolicytrueWhistleblowerPolicy
Document Retention PolicytrueDocumentRetentionPolicy
Compensation Process CEOfalseCompensationProcessCEO
Compensation Process OtherfalseCompensationProcessOther
Investment In Joint VenturefalseInvestmentInJointVenture
Other WebsiteXOtherWebsite
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonMELINDA BUDAVARINamePerson
Telephone Number2164430502TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line11701 EAST 13TH STAddressLine1
CityCLEVELANDCity
StateOHState
ZIP Code44114ZIPCode
FieldValueIRS element (for citing)
No Listed Persons CompensatedXNoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (7 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationOfficerOfficer
HARRIET BONNER
BOARD MEMBER2.00X000
CYNTHIA MORGAN
BOARD MEMBER2.00X000
LISA FARMER-COLE
BOARD MEMBER2.00X000
TERRY BUTLER
BOARD MEMBER2.00X000
JAMES TRIBBLE
BOARD MEMBER2.00X000
CHERYL NEYLON
PRESIDENT2.00000X
CHRISTINE FOWLER-MACK
VICE PRESIDE2.00000X
FieldValueIRS element (for citing)
Formers ListedfalseFormersListed
Total Comp GT150 KfalseTotalCompGT150K
Compensation From Other SourcesfalseCompensationFromOtherSources

Contractor Compensation ContractorCompensation (4 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1CityAddressOfContractor/AddressUS/CityStateAddressOfContractor/AddressUS/StateZIP CodeAddressOfContractor/AddressUS/ZIPCodeDescription Of ServicesDescriptionOfServicesCompensationCompensation
CLEVELAND METROPOLITAN SCHOOL DIST
1380 EAST 6TH STCLEVELANDOH44114FIN MGMT SERV2214660
THE ROCKWELL CO
55 ERIEVIEW PLAZACLEVELANDOH44114RENT297866
SIMPLE INTEGRTED SOLUTIONS LLC
3867 W MARKET STAKRONOH44333IT SERVICE233012
NCS PEARSON INC
827 WEST GROVE AVENUEMESAAZ85210SOFTWARE111756
FieldValueIRS element (for citing)
Number Of Contractors GT100 K4NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescriptionTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
FOUNDATION PAYMENTS31658583165858
INTERGOVERNMENTAL REV665135665135
OTHER PROGRAM SERVICE REV1138011380
FieldValueIRS element (for citing)
Total Program Service Revenue3842373TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column1407TotalRevenueColumn
Exclusion$1,407ExclusionAmount

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column3843780TotalRevenueColumn
Related Or Exempt Function Income3842373RelatedOrExemptFunctionIncome
Exclusion$1,407ExclusionAmount
FieldValueIRS element (for citing)
Info In Schedule O Part IXXInfoInScheduleOPartIX

Fees For Services Management FeesForServicesManagement

FieldValueIRS element (for citing)
Total167000Total
Management And General167000ManagementAndGeneral

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total2311379Total
Program Services2147153ProgramServices
Management And General164226ManagementAndGeneral

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total64413Total
Management And General64413ManagementAndGeneral

Occupancy Occupancy

FieldValueIRS element (for citing)
Total391985Total
Program Services333187ProgramServices
Management And General58798ManagementAndGeneral

Travel Travel

FieldValueIRS element (for citing)
Total10651Total
Management And General10651ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total44091Total
Program Services37477ProgramServices
Management And General6614ManagementAndGeneral

Insurance Insurance

FieldValueIRS element (for citing)
Total18210Total
Management And General18210ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesManagement And GeneralManagementAndGeneral
MINOR EQUIPMENT22092618778733139
CLASSROOM MATERIALS123689123689
DUES & FEES9548195481
OTHER PURCHASED SERVICES45320385226798

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total145192Total
Program Services31379ProgramServices
Management And General113813ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total3638337Total
Program Services2899194ProgramServices
Management And General739143ManagementAndGeneral
Fundraising0Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY691868BOY
EOY679770EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
EOY255297EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis810009LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec224391LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY629709BOY
EOY585618EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY1321577BOY
EOY1520685EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY7392BOY
EOY1057EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY7392BOY
EOY1057EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY1314185BOY
EOY1519628EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY1314185BOY
EOY1519628EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY1321577BOY
EOY1520685EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses205443ReconcilationRevenueExpenses
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or ReviewtrueAccountantCompileOrReview

Accountant Compile Or Review Basis AccountantCompileOrReviewBasis

FieldValueIRS element (for citing)
Financial Statement SeparateXFinancialStatementSeparate
FieldValueIRS element (for citing)
FS AuditedfalseFSAudited
Audit CommitteefalseAuditCommittee

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
School170b1 AiiXSchool170b1Aii

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovements

FieldValueIRS element (for citing)
Other Cost Or Other Basis798514OtherCostOrOtherBasis
Depreciation214696Depreciation
Book Value583818BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis11495OtherCostOrOtherBasis
Depreciation9695Depreciation
Book Value1800BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings585618TotalOfBookValueLandBuildings

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmttrueNondiscriminatoryPolicyStmt
Policy Statement In Brochures EtctruePolicyStatementInBrochuresEtc
Policy Publ Via Broadcast MediatruePolicyPublViaBroadcastMedia
Maint Racial Composition RecordstrueMaintRacialCompositionRecords
Maint Scholarships RecordstrueMaintScholarshipsRecords
Maint Copies Of Brochures EtctrueMaintCopiesOfBrochuresEtc
Maint Copies Of All SolicitationstrueMaintCopiesOfAllSolicitations
Discriminate Race Students RightsfalseDiscriminateRaceStudentsRights
Discriminate Race Admiss PoliciesfalseDiscriminateRaceAdmissPolicies
Discriminate Race Emplmn FacultyfalseDiscriminateRaceEmplmnFaculty
Discriminate Race ScholarshipsfalseDiscriminateRaceScholarships
Discriminate Race Educ PoliciesfalseDiscriminateRaceEducPolicies
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFclts
Discriminate Race Athletic ProgfalseDiscriminateRaceAthleticProg
Discriminate Race Other ActyfalseDiscriminateRaceOtherActy
Government Financial Aid ReceivedtrueGovernmentFinancialAidReceived
Government Financial Aid RevokedfalseGovernmentFinancialAidRevoked
Compliance With Rev Proc7550trueComplianceWithRevProc7550

Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
PUBLICATION OF NONDISCRIMINATORY POLICY IN MEDIA EXPLANATIONSCHEDULE E LINE 3THE NONDISCRIMINATORY POLICY IS POSTED ON THE ACADEMYS WEBSITE THE STUDENT ENROLLMENT AT THE ACADEMY IS 97 MINORITY
FINANCIAL AID OR GOVERNMENT ASSISTANCE EXPLANATIONSCHEDULE E LINE 6STATE FUNDING IS RECEIVED FOR SCHOOL OPERATIONS

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (4 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990FORM 990, PAGE 6, PART VI, LINE 11BA COPY OF THE FORM 990 IS PROVIDED TO THE BOARD.
ENFORCEMENT OF CONFLICTS POLICYFORM 990, PAGE 6, PART VI, LINE 12CTHE BOARD MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY THROUGH DISCUSSION AT REGULARLY SCHEDULED BOARD MEETINGS.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATIONFORM 990, PAGE 6, PART VI, LINE 19DOCUMENTS ARE AVAILABLE UPON REQUEST.
OTHER FEES FOR SERVICESFORM 990, PART IX, LINE 11GINSTRUCTION & STAFF SERVICES 2,147,153 0 0 OTHER PROF & TECH 0 164,226 0